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, raising the marginal tax rate on the top end is spur purely a symbolic t. and the reason warren buffett is able to say, well, my secretary is taxed at a higher rate than i am is not because of that rate, it's because of the capital gains rate at 15%. >> we need to ask him about that, too. and i'm sure he would agree capital gains rates, which were about 28% under bill clinton when we had the roaring '90s, are at 15% right now. i've got to say, this is one of those areas where, when i was in congress, i wanted the capital gains rate to go down, thought it was too high at 28%. it's at 15% now. if you want to look at income disparity, you know, in part, the 15% capital gains tax rate and carried interest allows the super wealthy to get by paying a hell of a lot less than middle-class americans. >> if you're for fairness, that's where the fairness is. that's why the rich don't pay as much tax as the others. the marginal tax rate is marginal. if you raise it a couple of percentage points, it doesn't change much. if you raise that capital gains rate, that's where the big money is made. >> he
we'll talk to a man who knows a thing or two about making money, warren buffett in, a rare live interview. >>> exhumed. the body of the late palestinian leader yasser arafat taken out of his grave this morning, eight years after his death. now, authorities are trying to determine if he was poisoned. >>> and don't watch. the teenage star of "two and a half men" calls his own show filth and urges viewers to change the channel. >> please stop watching "two and a half men." i'm on "two and a half men." i don't want to be on it. >>> and who knows. his bosses may just grant that wish today, tuesday, november 27th, 2012. >>> from nbc news, this is "today" with matt lauer and savannah guthrie live from studio 1a in rockefeller plaza. >>> and good morning, everyone. welcome to "today" on a tuesday morning. i'm savannah guthrie. >> and i'm matt lauer. a few years ago buying online was something of a novelty and made a lot of people nervous, including myself. now it's a way of life and huge business. >> that's right. new numbers released overnight show just that. sales up significantly ove
, taxes, things that distort economic activity. >> warren buffett wrote an interesting op-ed. he is a supporter of the president but said he does not favor raising rates on people making more than $250,000 but said he would support it for people making $500,000. is there an income level where you support or at least not oppose vehemently the idea of racing rates? >> again, you know, i don't think that's a constructive direction to go in. we -- you know, we could just keep adding ever more brackets, and ever more burdens on people who are productive or have a couple of good years in their business. i think all of that discourages economic growth and discourages risk taking and entrepreneurship. so i'm in favor of moving in the direction of a flatter tax system. of fewer brackets, lower rates, simplicity where we get rid of all the distortions that happen in the tax code, rather than speculating about how many different new brackets we should create. >> i want to get to benghazi. on taxes you talk about closing loopholes and reducing destructions. grover norquist says that would vi
Search Results 0 to 2 of about 3